Even Walser

Can We Trust Statistics?

Paul,

I find it interesting that you consider a factual assessment of China's economic state, bashing. If trying to bring some honesty and reality to a debate that is 99.9% pro-China, regardless of common sense or facts, bashing than yes, I guess I am singled minded that way.

Furthermore, I find it quite interesting that you position the Chinese investment in dollar denominated assets, as an investment, rather than a necessity. The Chinese did not invest in dollar assets because they thought they were a good deal, they bought and will continue to buy dollar assets because they must. Should the Chinese stop purchasing dollar assets, they will no longer be able to maintain an artificially low currency value via the dollar. An economy so tied to exports to the United States is in no position to see a sharp rise in its currency value or piss off it largest customer.

I am not sure if you have every actually manufactured or sold anything Paul, but I can tell you it is always the purchaser who has the power. For the time being, like it or not, the US is the purchaser and the Chinese are the sellers.


On Feb 12 02:16 AM paultaut wrote:

> Even: I checked your commentary stream. The comment I referenced
> was the 5th out of 6 that bashed China.
>
> Your response continues that streak. You are now 6 out of 7.

>
>
> Bashing China will not help the US economy. We need them to buy our
> Fiat money. There are not many nations that still have the wherewithal
> to buy this garbage.
>